SIG analyst Shyam Patil maintains $Expedia (EXPE.US)$ with a hold rating, and adjusts the target price from $145 to $190.
According to TipRanks data, the analyst has a success rate of 57.4% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Expedia (EXPE.US)$'s main analysts recently are as follows:
Expedia's third-quarter outcomes and projections for the fourth quarter were robust, propelled by the strong performance of Brand Expedia and enhancements in Vrbo, as observed by an analyst.
Expedia's Q3 performance exceeded expectations in terms of nights and bookings, and the forecast for Q4 remains positive despite potential setbacks from adverse weather conditions. Additionally, Vrbo showed a turnaround, achieving positive results for the entire quarter.
Post Q3 earnings, it's noted that Expedia's Hotels.com brand continues to face challenges, and a significant positive shift may be challenging due to increasing competition. It's also observed that rising costs associated with Vrbo and Hotels.com might balance out the favorable trends in Gross Bookings projected for 2025 and the years that follow.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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